Osisko Gold Royalties Ltd (TSE:OR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Osisko Gold Royalties Ltd (TSE:OR) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$28.50.

A number of analysts recently issued reports on OR shares. TD Securities boosted their price objective on Osisko Gold Royalties from C$28.00 to C$29.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Scotiabank increased their price target on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a report on Monday, August 19th. National Bankshares raised their price objective on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Raymond James decreased their target price on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a report on Monday, August 19th. Finally, Canaccord Genuity Group raised their price target on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd.

Insider Activity at Osisko Gold Royalties

In related news, Director Victor Bradley sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of C$22.66, for a total transaction of C$113,309.00. In related news, Director Victor Bradley sold 5,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$22.66, for a total transaction of C$113,309.00. Also, Director Everard Trenton Richards sold 15,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$22.19, for a total transaction of C$332,913.00. Insiders have sold a total of 25,000 shares of company stock worth $562,172 in the last 90 days. Company insiders own 0.38% of the company’s stock.

Osisko Gold Royalties Stock Performance

Shares of OR opened at C$23.28 on Friday. Osisko Gold Royalties has a 1 year low of C$15.42 and a 1 year high of C$25.19. The company has a debt-to-equity ratio of 7.00, a current ratio of 4.92 and a quick ratio of 0.98. The stock’s fifty day moving average price is C$23.16 and its two-hundred day moving average price is C$22.16. The firm has a market cap of C$4.34 billion, a PE ratio of -46.56, a PEG ratio of 1.31 and a beta of 0.88.

Osisko Gold Royalties (TSE:OR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.17 by C$0.01. The company had revenue of C$64.85 million for the quarter. Osisko Gold Royalties had a negative net margin of 36.86% and a negative return on equity of 5.46%. On average, equities research analysts forecast that Osisko Gold Royalties will post 0.66 EPS for the current year.

Osisko Gold Royalties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.12%. Osisko Gold Royalties’s dividend payout ratio is currently -52.00%.

About Osisko Gold Royalties

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.